Part-Time Realtor: Full-Time Problem
I read something on Twitter recently that made my jaw hit the floor. It was written by leading real estate author, visionary, observer and commentator Stefan Swanepoel, and it said this: “Only 27% of Realtors surveyed by 56 local Realtors Assocn listed RE as their primary source of income…illustrates problem we have.”
Wow.
Unbelievable.
I mean, seriously, 27%?
That means that 73% – nearly 3 out of 4! – Realtors are making their primary income from a source other than real estate.
Has there ever been another career – IN RECORDED HISTORY! – where such a high percentage of the real estate industry’s participants are not really… participating?
If you read this blog at all, you know that the PRIMARY things we talk about are “raising the bar” (the now infamous #RTB) and “increasing professionalism and excellence” within the real estate space.
Our company was created specifically to do these things.
Having said that, I don’t think many logical, rational people would argue that having such a high percentage of people in our industry working on anything less than a 100% basis is a problem. And quite possibly a very big problem.
In fact, our experience has shown that *most* successful Realtors typically work more than a 40 hour work week. Many work FAR more than that (we do!).
And PLEASE let us be clear: we do not in any way mean to disparage or make light of the brutal economy that has devastated so many Americans, both within and outside of real estate.
But we believe that having people “dabble” in real estate will only only serve to take the already poor opinion of real estate professionals even lower. Real estate is – as much if not more so – the most “around the clock/nearly 24-7/always on” business there is.
How can people be out of touch and out of pocket for any period of time and serve their clients properly? The obvious answer to that question: they can’t.
So, fellow real estate professionals, what do you think about this?
Should something be done about this?
CAN something be done about this?
Thanks in advance for your thoughts, comments and opinions on this important issue…
Join the conversation here.


This issue has always bothered me in the last 20 years. I wonder if it is too easy to get into real estate? When I think of other professions, lawyers, dentists, accountants – are there “dabblers”? I don’t think so.
What I believe is that when the TRUE professionals in our industry create businesses and offices that are run like businesses and not hobbies, then the natural law of “survival of the fittest” will prevail.
I believe in taking responsibility for our industry and raising the bar, raising so high that realtors need to either be in the game or get out.
Diane Kohler
Although the quality of our professionalism is the topic here. I feel bad for the consumers. A home is the single largest purchase or sale they will make. On a call yesterday a very wise woman said her parents told her never to do business with friends or relatives. Often times I hear from the the agents client say its their friend or relative and thats why they are using so they get the commission. That is the first uneducated decision the consumer makes.
I follow Jay #5 which is weird because I’m not a Realtor.
Its nice to see some other sites I should check out.
This comment was originally posted on Real Estate Investing For Real | A BiggerPockets Investment Property Blog
I really like this “top ten” format. What a cool way to keep up with some great posts that may have slipped through the cracks.
Thanks.
Nick Bastian´s last blog ..Fat Tuesday on Mill Rockin the Mardi Gras
This comment was originally posted on Real Estate Investing For Real | A BiggerPockets Investment Property Blog
I’ve been meaning to get a top ten of the week going on the blog for a long time now . . . I’m very excited to have Dean putting it together for us!
This comment was originally posted on Real Estate Investing For Real | A BiggerPockets Investment Property Blog
With 600 some-odd real estate blogs in my feed reader, I simply can’t keep up. It’s great to have someone else do the leg work for me and highlight some top posts.
Oh, and now it’s 601 because I just added StrategicMLS.com. Thanks a lot…
(And thanks for including me!)
Jay Thompson´s last blog ..The Loan Package Dissected
This comment was originally posted on Real Estate Investing For Real | A BiggerPockets Investment Property Blog
Thanks everyone, I hope to make this a long term thing so please send me any tips and suggestions either here of at @DeanOuellette. Jay, I need to borrow your rss feed, I only have about 320 a day to go through. On second thought…
Dean Ouellette´s last blog ..Top 10 real estate posts of the day for 2/5/2010
This comment was originally posted on Real Estate Investing For Real | A BiggerPockets Investment Property Blog
Dean, thanks for the great summary / Top 10 list. Nice to see a quick summary of interesting real estate news out there.
Welcome to the blog team too!
This comment was originally posted on Real Estate Investing For Real | A BiggerPockets Investment Property Blog
I completely agree that we need to raise the bar, but there are two obstacles to this happening and I only know of a solution for one of them:
1 – All the associations survive by charging dues and more agents equals more dues. The obvious, but not easy solution is to greatly increase dues so the associations receive the same amount of money.
2 – Individual brokerages make the most money off of their part-time agents. Full time agents doing 30-40 transactions a year might be on an 80%,85%, or 90% split. Part-timers may be on as low as a 50% split. Plus, part-timers require less financial overhead (desk space, tying up assistants’s time, etc.) Therefore, the very companies that dominate the industry find it against their financial interests to raise the bar.
Real fun to get that occassional pingback from Dean’s list…. cool to see it’s arrived here!
This comment was originally posted on Real Estate Investing For Real | A BiggerPockets Investment Property Blog
Getting a real estate license is about as hard as applying for a bus pass. Because it’s a sales job that’s not likely to change. The smartest thing for people to do is to demand a full-time realtor who is either very experienced or who has a lot of support from broker/mentor, etc.
Aaron,
I don’t disagree, but it seems to me that – given how FINANCIALLY SIGNIFICANT a home sale or purchase is to MOST people, I think the public deserves better…MUCH better.
Your suggestion is a good one given the current condition of the industry. I’m saying the current condition of the industry needs to change…in a huge way.
And thanks for your comment – we appreciate it!
Best,
Michael
I follow Jay #5 which is weird because I’m not a Realtor.
Its nice to see some other sites I should check out.
This comment was originally posted on Real Estate Investing For Real | A BiggerPockets Investment Property Blog
I really like this “top ten” format. What a cool way to keep up with some great posts that may have slipped through the cracks.
Thanks.
Nick Bastian´s last blog ..Fat Tuesday on Mill Rockin the Mardi Gras
This comment was originally posted on Real Estate Investing For Real | A BiggerPockets Investment Property Blog
I’ve been meaning to get a top ten of the week going on the blog for a long time now . . . I’m very excited to have Dean putting it together for us!
This comment was originally posted on Real Estate Investing For Real | A BiggerPockets Investment Property Blog
With 600 some-odd real estate blogs in my feed reader, I simply can’t keep up. It’s great to have someone else do the leg work for me and highlight some top posts.
Oh, and now it’s 601 because I just added StrategicMLS.com. Thanks a lot…
(And thanks for including me!)
Jay Thompson´s last blog ..The Loan Package Dissected
This comment was originally posted on Real Estate Investing For Real | A BiggerPockets Investment Property Blog
Thanks everyone, I hope to make this a long term thing so please send me any tips and suggestions either here of at @DeanOuellette. Jay, I need to borrow your rss feed, I only have about 320 a day to go through. On second thought…
Dean Ouellette´s last blog ..Top 10 real estate posts of the day for 2/5/2010
This comment was originally posted on Real Estate Investing For Real | A BiggerPockets Investment Property Blog
Dean, thanks for the great summary / Top 10 list. Nice to see a quick summary of interesting real estate news out there.
Welcome to the blog team too!
This comment was originally posted on Real Estate Investing For Real | A BiggerPockets Investment Property Blog
Real fun to get that occassional pingback from Dean’s list…. cool to see it’s arrived here!
This comment was originally posted on Real Estate Investing For Real | A BiggerPockets Investment Property Blog
RT @mattwilkins: Natl RE Co posts recr’g ad on Craigslist & it says “Part-time job.” Since when is RE part-time? | http://budurl.com/nre6
This comment was originally posted on Twitter